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Article Archive | Page 3

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Why Is Saudi Arabia Desperate For Higher Oil Prices?

Jun 20, 2017 at 16:40

As OPEC’s most significant member and one of the largest crude oil producers in the world, Saudi Arabia typically exerts considerable power over global energy market trends. Yet for the…

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Have Natural Gas Prices Hit A Bottom?

Jun 20, 2017 at 16:24

Natural gas prices are falling, and the speculators have cut their U.S. natural gas net long positions for the fourth straight week. Does this indicate further weakness, or is this…

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Who Controls The Oil As Kurdish Independence Looms?

Jun 20, 2017 at 16:18

Kurdistan, the autonomous region of northern Iraq that is rich in oil resources and has proven an effective force against the spread of the Islamic State, has announced that it…

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Oil Majors Snatch Up Mexican Oil Blocks

Jun 20, 2017 at 15:51

Mexico hosted another oil auction on Monday, auctioning off shallow water oil and gas blocks to international companies. The auction was the latest in a series of offerings related to…

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Bank Of America: Expect $30 Oil

Jun 20, 2017 at 14:00

Oil prices hit on Tuesday their lowest levels since mid-November last year, with WTI entering a bear market, and analysts now see the price of oil sliding further down…

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Is $40 Oil On The Horizon?

Jun 20, 2017 at 13:52

Despite a busy week in oil news, prices are hovering around the mid-$40s mark as inventories remain high and production from OPEC members Libya and Nigeria ramps up.

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These New Cyber-Weapons Could Topple Power Grids

Jun 20, 2017 at 12:37

The forced shutdown of one-fifth of the Ukrainian capital’s power grid last December was caused by a new Russian cyber-weapon called CrashOverride, according to a new report by an American…

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Exxon Moves Forward With Offshore Guyana Project

Jun 20, 2017 at 11:44

Phase 1 will produce 450 MMBO ExxonMobil (ticker: XOM), Hess (ticker: HES) and CNOOC today announced FID for Phase 1 development of the Liza field in offshore Guyana. Initially discovered…

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Saudis Overtake U.S. In Recoverable Oil Resources

Jun 20, 2017 at 10:30

Saudi Arabia has regained its top position ahead of the U.S. and Russia as the holder of the world’s biggest recoverable oil resources, as reduced tax rates for state giant…

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Outlook For Oil Looks Bleak, Prices Hit 7-Month Low

Jun 20, 2017 at 09:11

Crude oil started the week with a loss, which may be extended today as U.S. shale drillers continue to add rigs, and Libya and Nigeria ramp up production, undermining their…

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